California’s Historic Flooding: Threatening the Trucking Industry’s Produce Season
Historic flooding in California has led to severe complications with the produce industry. This is particularly bad news for the trucking industry, which has already been suffering due to a drop in economic demand this year. Many truckers rely on produce season as a way to supplement their income, often referred to as the “100 […]
Owner-Operators at a Disadvantage in Today’s Freight Market
According to a survey conducted by the Owner-Operator Independent Drivers Association (OOIDA), the freight market is working against owner-operators. Over half of the survey’s respondents reported negative feedback for 2023, citing concerns such as high fuel costs, inflation, increased regulation, capacity, and a lack of demand. Many owner-operators are not willing to operate at a […]
Norfolk Southern Faces Legal Action Over East Palestine Train Derailment
The state of Ohio has filed a lawsuit against Norfolk Southern railway company following the train derailment in East Palestine, Ohio. The incident, which occurred back in January, caused a significant amount of damage to the area. The lawsuit alleges that Norfolk Southern was negligent in its operation of the train and failed to take […]
Board of Safety Comments on Train Car Derailment
In a press conference held earlier this month, the chair of the National Transportation Safety Board (NTSB) stated that the recent train car derailment and subsequent fire in Palestine, Ohio, was, “100% preventable”. NTSB will continue their investigation of the incident over the next several months into the preventable causes to this devastating event, including: […]
Nearshoring Supply Chains Faster than Expected
The diversification of supply chains is not a new conversation, but global disruptions and recent developments have presented strong cases for reshoring manufacturing opportunities. According to recent data, the switch to nearshoring is happening much faster than predicted in 2021. The initial prediction was that it would happen slowly, over the course of five (or […]
February Marks Lowest Imports Since 2020
February is shaping up to be the slowest month for imports since May of 2020. February is traditionally a slow month for logistics businesses, but reports are showing that imports are currently breaking record lows. According to data from Descartes, a company specializing in logistics tracking software, January was the highest month-on-month gain for U.S. […]
Freight Outlook Not Optimistic from Carriers
Demand is slowly returning – a great sign in terms of the economic rebound. However, capacity is still up, which means many carriers are not feeling the effects of increasing demand yet. The Outbound Tender Rejection Index measures the percentage at which tender is rejected by carriers in regard to available capacity. Currently, it is […]
Storage Space Rent to Rise in 2023
Inventories in warehouses are high, and experts are not expecting anything less any time soon. Demand for storage space remains firm, according to Prologis, a logistics real estate company. Prologis projects that rents for these inventory spaces to increase 10% in the U.S. in 2023 and about 9% globally. Even with these numbers, the company […]
Bill to Lower Minimum Driving Age Reintroduced
A bill was reintroduced into congress that proposed to allow 18-to-20-year-olds to haul containers to and from ports. It is propositioned that opening the line haul field to a new, younger demographic would help to solve some of the issues with recruiting and keeping new truckers; especially after years of experiencing sever driver shortages and […]
Trucking Jobs Affected by Freight Levels
Driver recruitment is predicted to slow into the first quarter of 2023 as freight demand continues to return back to pre-pandemic levels. With the previous efforts to raise compensation in order to entice drivers to stay in their jobs, as well as to appeal to new drivers, trucking companies anticipate allocating funds away from recruiting […]
